Dove Options vs Raceoption

Dove Options or Raceoption – which is better for UK traders 2024? Compare Dove Options and Raceoption in this detailed breakdown of their platforms, features and fees.

Dove Options vs Raceoption Comparison Table 2024
Dove Options Raceoption
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1.3
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3.5
Dove Options is ranked #11 among binary options brokers. Raceoption is ranked #11 among binary options brokers.
Dove Options offers binary options and copy trading. RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Pros
  • RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour.
  • Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts.
  • RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
Cons
  • RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues.
  • While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders.
  • RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, Stocks, Cryptos, Commodities Binary Options, CFDs
Bonus
20% - 200% Deposit Bonus
Demo Account
No Yes
Minimum Deposit
$500 $250
Payment Methods
Minimum Trade
$1 $0.01
Regulator
CySEC
Mobile Apps
No iOS & Android
Trading App

Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.

iOS App Rating
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4
Android App Rating
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3.8
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Copy Trading
Yes Yes
Copy Trading Platform
Dove Options offers copy trading on the broker's range of assets. Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Commodities
  • Gold
  • Silver
  • Oil
  • Silver
  • Gold
  • Coffee
  • Oil
CFD
Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
Leverage
1:500
FTSE Spread
Variable
GBPUSD Spread<
Variable
Oil Spread
Variable
Stocks Spread
Variable
Forex
Take leveraged positions on popular currencies. RaceOption offers 25+ major and minor currency pairs on a no-frills, web-accessible platform with 30+ indicators and built-in copy trading opportunities for a hands-off investment approach.
Assets
25+ 25+
GBPUSD Spread
0.8 Variable
EURUSD Spread
0.8 Variable
EURGBP Spread
0.8 Variable
Cryptocurrency
Speculate on Bitcoin with low margin. Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Spread
Fixed Variable
Coins
  • BTC
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Dove Options offers multiple digital options products, including one touch and ladder assets. RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
Payout
81% 95%
Expiration Times
5 seconds - 30 days
Boundary Options
No No
Ladder Options
Yes Yes
Dove Options Raceoption
More Comparisons
Dove Options
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Raceoption
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